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Insurance Risk Consultant Jobs in Illinois (NOW HIRING)

AIG

Casualty Risk Consultant

Chicago, IL

General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network. Risk ConsultingatAIG AIG Risk Consulting helps AIG's Underwriting teams ...

Swiss Re

Risk Consultant- P&C Insurance

Chicago, IL · On-site

$98K - $163K/yr

... Risk Consulting & Analytics team within the Swiss Re Risk Data Solutions division by searching for a dedicated professional to deliver analytics and consulting services across the insurance value ...

Swiss Re

Risk Consultant- P&C Insurance

Chicago, IL · On-site

$98K - $163K/yr

... Risk Consulting & Analytics team within the Swiss Re Risk Data Solutions division by searching for a dedicated professional to deliver analytics and consulting services across the insurance value ...

Hanchey

Senior Environmental Consultant

Chicago, IL · On-site

The Senior Environmental Consultant for the Environmental Engineering Practice will support the ... Maintain a broad technical expertise in environmental risk evaluations and environmental insurance ...

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All JobsInsurance Risk Consultant JobsInsurance Risk Consultant Jobs in Illinois

Insurance Risk Consultant information

See Illinois salary details

$24

$51

$84

How much do insurance risk consultant jobs pay per hour?

As of Jun 16, 2026, the average hourly pay for insurance risk consultant in Illinois is $51.32, according to ZipRecruiter salary data. Most workers in this role earn between $42.40 and $56.39 per hour, depending on experience, location, and employer.

What is the difference between Insurance Risk Consultant vs Insurance Underwriter?

AspectInsurance Risk ConsultantInsurance Underwriter
CredentialsOften requires industry certifications like CPCU or ARMTypically holds similar certifications, sometimes with additional licensing
Work EnvironmentAdvises clients and analyzes risks for insurance companiesEvaluates applications and determines policy terms
Employer & Industry UsageConsulting firms, insurance companies, brokersInsurance companies, underwriting agencies

While both roles involve assessing risks, Insurance Risk Consultants focus on advising clients and analyzing complex risk scenarios, whereas Insurance Underwriters evaluate applications to determine policy eligibility and pricing. Understanding these differences helps in choosing the right career path or job search focus.

What does an insurance risk consultant do?

An insurance risk consultant evaluates potential risks that could affect an organization and advises on strategies to mitigate those risks. They analyze data, review policies, and may use risk assessment tools to help clients reduce financial losses and ensure compliance with regulations.

What are the key skills and qualifications needed to thrive as an Insurance Risk Consultant, and why are they important?

To thrive as an Insurance Risk Consultant, you need a strong background in risk assessment, analytical thinking, and a relevant degree such as finance, business, or actuarial science. Familiarity with risk modeling software, data analysis tools, and industry certifications like ARM (Associate in Risk Management) is typically required. Excellent communication, problem-solving abilities, and relationship-building skills help set top consultants apart. These skills are vital for accurately evaluating risk, advising clients effectively, and ensuring comprehensive risk mitigation strategies.

How much does a risk consultant earn?

Insurance risk consultants typically earn a median annual salary ranging from $70,000 to $100,000, depending on experience, location, and industry sector. Senior or specialized risk consultants with certifications like CPCU or ARM can earn higher salaries, often exceeding $120,000 annually.

How much do insurance risk advisors make?

Insurance risk consultants typically earn a median annual salary of around $70,000 to $100,000, depending on experience, location, and certifications. Senior or specialized advisors can earn higher, often exceeding $120,000 annually. Compensation may also include bonuses and benefits based on performance and client portfolio size.

What are some common challenges faced by Insurance Risk Consultants when assessing client risk profiles?

Insurance Risk Consultants often encounter challenges such as gathering accurate and comprehensive data from clients, keeping up with evolving regulatory requirements, and addressing complex or unique risk scenarios. Building trust with clients to obtain sensitive information and navigating diverse industries with varying risk exposures can also be demanding. Successful consultants overcome these obstacles through strong communication skills, continuous professional development, and close collaboration with underwriters, actuaries, and legal teams.

Does risk consulting pay well?

Risk consulting for insurance risk consultants generally offers competitive salaries that vary based on experience, location, and certifications such as CPCU or ARM. Entry-level positions may start lower, but experienced professionals with specialized skills can earn higher compensation, often including bonuses and benefits. Overall, it is considered a well-paying field within the consulting and insurance industries.
What are popular job titles related to Insurance Risk Consultant jobs in Illinois? For Insurance Risk Consultant jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Consultant jobs in Illinois look for? The top searched job categories for Insurance Risk Consultant jobs in Illinois are:
What cities in Illinois are hiring for Insurance Risk Consultant jobs? Cities in Illinois with the most Insurance Risk Consultant job openings:
Insurance Risk Consultant jobs near you
Cyber Risk Consultant

Cyber Risk Consultant

Diversified Services Network, Inc.

Peoria, IL

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago

Job description

Diversified Services Network, Inc. (DSN) is seeking a full-time Cyber Risk Consultant to join our team in three potential locations: Peoria (IL), Irving (TX), or Nashville (TN)! We offer full benefits, PTO, 401k, and more! If you're looking to grow your technical career within an extremely reputable, stable Fortune 500 company - let's talk!

Our Cyber Risk Management team is seeking a resource to support the execution and maturation of the enterprise cyber risk program. This role focuses on risk acceptance facilitation, executive communication, qualitative risk analysis, and risk register lifecycle management. This role would also have an opportunity to help design and provide input to the direction of the cyber risk program through several process improvement workstreams occurring throughout 2026. The ideal candidate provides an external perspective and contributes to both execution and process improvement.

JOB RESPONSIBILITIES:

  • Facilitate risk acceptance and awareness discussions with senior leadership; translate technical risks into business terms.
  • Develop executive-ready presentations and proactively anticipate leadership questions and data needs.
  • Maintain and track the cyber risk register, including follow-up on remediation actions and acceptance decisions.
  • Perform qualitative risk analysis (likelihood and impact) using scenario-based models.
  • Evaluate control effectiveness and compensating controls; provide risk-based recommendations.
  • Support and contribute to the design and improvement of the cyber risk management program and associated processes.

Requirements

EDUCATION & EXPERIENCE REQUIRED:

  • Bachelor's degree AND 5+ years of experience; OR no degree AND 7+ years of experience
  • Years of experience: 5+ years in cyber risk, IT risk, or information security risk (consulting or Big 4 experience preferred)
  • Degree requirement: Bachelor's degree highly preferred (not required with 7+ YOE)

REQUIRED SKILLS:

  • 5+ years in cyber risk, IT risk, or information security risk (consulting or Big 4 experience preferred).
  • Strong communication and presentation skills with ability to engage senior leadership.
  • Ability to translate technical concepts into business risk language.
  • Experience managing risk registers and tracking remediation activities.
  • Technical understanding of systems, controls, and risk scenarios.
  • Proactive, organized, and able to anticipate stakeholder needs.
  • Experience contributing to risk program design or process improvement 

DESIRED SKILLS:

  • Experience with qualitative risk analysis methodologies in cybersecurity or IT environments.
  • Prior experience with FAIR (Factor Analysis of Information Risk).
  • Familiarity with ISO 27001, NIST, or similar frameworks.
  • Experience with ServiceNow IRM or similar GRC platforms.
  • Relevant certifications (CISSP, CISA, CISM, CRISC).

Benefits

  • 401(k)
  • Dental insurance
  • Vision Insurance
  • Disability insurance
  • Employee assistance program
  • Health insurance
  • Health savings account
  • Life insurance
  • Paid time off
  • Paid Holidays

Please follow the link to our website for a list of job openings in Engineering, IT, Project Management, and more! https://www.dsnworldwide.com

Salary expectations: 119,000-124,000 per annual

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